Son Kim Retail Joint Stock Company (Son Kim Retail) and the International Finance Corporation (IFC) have just signed an investment agreement worth VND 460 billion (equivalent to USD 20 million) to develop the business of GS 25 Vietnam Company Limited (GS25 Vietnam) under the Son Kim Retail ecosystem.
Son Kim Retail Joint Stock Company (Son Kim Retail) and the International Finance Corporation (IFC) have just signed an investment agreement worth VND460 billion (equivalent to USD20 million).
The signing ceremony was attended by representatives of the Korean GS Retail Group, a partner that owns 30% of the shares in the GS25 Vietnam joint venture. At the ceremony, GS25 Vietnam also signed a consulting contract with IFC to improve food hygiene and safety standards and reduce food loss and waste.
The goal of the plan is to attract more large investments into Son Kim Retail to prepare for the breakthrough development of the retail industry in the Vietnamese market in the coming years.
With IFC's investment, GS25 Vietnam will implement a plan to expand its chain of stores with nationwide coverage, quickly bringing essential, quality, and safe products to people.
Son Kim Retail is a member of Son Kim Group, operating in a variety of fields from high-end real estate development (Son Kim Land brand) to retail brands including convenience stores, fashion , food and beverage (F&B), television shopping and some other services.
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